Fannie Mae Aqm List

[StlB]

Looking for the appraisal communities opinion here on what seems obvious to me at least and out of respect for the appraisers on the list I won't post names but there are only 25 names on the list and I've done research and 5 of the names are linked to one mortgage broker that operates as a aka Mini Correspondent Lender and the other names on the list are linked to a small network of lenders under Natty Mac take out investor list but the common link between them all is CMG Financial now given that the UMDP and the UCDP is a joint program between Freddie Mac and Fannie Mae and Freddie Mac has had an exclusionary list forever now is it just me or does this seem like there is much more behind this list than what has been released and if there are any attorneys out there that wish to comment the 5 appraisers that are on the list want to hear from you because they have proof that the loans were ineligible to be sold to Fannie Mae and were originated in violation of numerous laws, ECOA, TILA, Valuation and Appraisal Independence, and this is possibly known to Fannie Mae as they are investors to Natty Mac the same network of lenders that the appraisers are being intentionally placed on the AQM List over , remember appraisers do not have access to any Fannie Mae tools or portals and if somehow that many appraisers are linked to just a few Lenders out of the 98,000 appraisers in the U.S. and the 30,000+ lenders and brokers something seems off to me and seems like the lack of transparency is Fannie Mae hiding something after all the UCDP and CU is built on data they stole from us and what would the list reveal if it showed the Originators of the Loans as well as the Insurers and Approved Fannie Mae Lender/Sellers that sold the Loans to Fannie Mae. These systems are built on tax payer dollars and stolen appraisal data and the freedom of information act should allow all appraisers access to a database that keeps records of us by name and a identifying number.

 

[panappr]

FNMA has controlled the business of residential appraisals for sometime now at least for the last 30 years I've been in business..... Thanks for speaking up though.... Do you really think these issues can be resolved.... I will follow this thread just in case someone takes FNMA to court....

 

[Meandering]

And................

Hate to break this news to you or any other appraiser out there, but,

The UCDP, UAD, CU and all that other GSE stuff

Came on line AFTER the Treasury was sweeping the profits from the GSEs.

So taxpayer money??

I think not.

But as long as the Treasury is holding their purse strings, why would anyone believe they are not now a facet of the government - without the government employee benefit plan?

And can the government decide to keep secrets from us?

Yup.
.

 

[J Grant]

If Fannie identified a small # of appraisers on an exclusion list, since they are the ones insuring/funding they can do it. The fact that they identify so few appraisers means the path to be identified for exclusion is very narrow, and appraisers on that list get warning letters first. Probably more appraisers practicing that are lousy and getting away with it. Some might turn around and say I could end up on the list. If I it turns out that way, so be it.

 

[J Grant]

"stolen" data...please that makes us look like idiots. When you submit an appraisal report, it says the data may be used (read the certs). Nobody forces anybody to appraise and nobody forces anybody to appraise loans headed for Fannie/FHA/Fredddie.. Some appraises refuse to and only do private work /other work. If you think these are big bad companies keeping secret lists to get us then act as you believe and dont do that segment of appraising..

 

[Mike Kennedy]

"stolen" data...please that makes us look like idiots. When you submit an appraisal report, it says the data may be used (read the certs). Nobody forces anybody to appraise and nobody forces anybody to appraise loans headed for Fannie/FHA/Fredddie.. Some appraises refuse to and only do private work /other work. If you think these are big bad companies keeping secret lists to get us then act as you believe and dont do that segment of appraising..

 

[residentialguy]

"stolen" data...please that makes us look like idiots. When you submit an appraisal report, it says the data may be used (read the certs). Nobody forces anybody to appraise and nobody forces anybody to appraise loans headed for Fannie/FHA/Fredddie.. Some appraises refuse to and only do private work /other work. If you think these are big bad companies keeping secret lists to get us then act as you believe and dont do that segment of appraising..

JG, you've been drinking dyslexic version of evian. Yes, they are stealing our data. They are so big that they can bully us into signing off on their theft. Some of those certs are a joke. Their "private" CU tool? Blacklisting? UAD? Their half *** forms with secret talks in back rooms saying "this is what they mean", etc...it all puts appraisers in a precarious position. They're vaguely written and misleading. They have some very smart appraisers there. Do you really think that FNMA does things by happen chance? I pray that it is because they have very stupid appraisers instructing them, but I don't think that's the reason. Yes, when sheet hits the fan, I have no doubt that they won't bat an eye at throwing us under the bus. They aren't our friend.

https://www.google.com/url?sa=t&rct...nJMHGo&usg=AFQjCNGF3C9e128jKvyyBOAU-4hF0h5FbA

 

[Meandering]

 

[J Grant]

21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser’s or supervisory appraiser’s (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media).

The above cert in a report gives appraiser's consent, so how can they accuse FNMA of "stealing" their data? I don't think CU is is the best idea, I see it for a bureaucratic means of vetting the mass of appraisals they accept. If you are afraid of them stealing your data, don't do Fannie work...

 

[djd09]

Maybe this needs to be court tested.